Get Approved at The Lowest Rate
DSCR loan in Ballinger, TX is based on the property's cash flow without the borrower's income verification.
DSCR stands for “long-term debt service coverage ratio.” These loans are for real estate investors who wish to grow their property portfolio in Ballinger, TX, and many other cities throughout Texas and the US.
Buy-and-hold investors in Ballinger, TX can be assured that by working with Horizon Lending Services, we will always provide the best opportunities at the best possible rates.
If you are looking at a single-family home, condo, townhome, or multiplex, our Ballinger, TX real estate investors have you covered.
DSCR loans in Ballinger, Texas offer several benefits to borrowers. These loans provide increased flexibility in terms of income verification, allowing self-employed individuals and business owners to qualify more easily. Moreover, DSCR loans typically have lower interest rates compared to traditional loans, making them an attractive option for investors looking to finance rental properties in Ballinger and capitalize on the growing rental market in the area. Additionally, DSCR loans offer longer repayment periods, reducing monthly payments and providing borrowers with more breathing room to manage their finances effectively. Demographics Ballinger, Texas, has a diverse population with a mix of families, young professionals, and retirees. The city's population is around 3,800, with a median household income of $38,000. Housing Market The housing market in Ballinger is stable, with a median home price of $120,000. The market has seen steady growth in recent years, making it an attractive option for both homebuyers and investors. Main Attractions Ballinger offers a range of attractions, including the picturesque O.C. Fisher Reservoir for outdoor enthusiasts, the historic Runnels County Courthouse, and the annual Texas State Festival of Ethnic Cultures, showcasing the city's diverse heritage.
Benefits of DSCR Loan in Ballinger, Texas
